Public Invitation For participation at a Public Tender for divestment of 70% of socially owned capital and 100% stake of the Development Fund of Republic of Serbia in the total registered capital of: HOLDING KOMPANIJA FABRIKA VAGONA KRALjEVO AD, Kraljevo

31. March 2005.

Tender Code: FVK03/05

In accordance with the Article 28 of the Law on Privatization ("Official Gazette of the Republic of Serbia” nos. 38/2001 and 18/2003), the Privatization Agency of the Republic of Serbia (hereinafter: "the Agency”) hereby announces a:

PUBLIC INVITATION

For participation at a Public Tender for divestment of 70% of socially owned capital and 100% stake of the Development Fund of Republic of Serbia in the total registered capital of:
HOLDING KOMPANIJA FABRIKA VAGONA KRALjEVO AD, Kraljevo
(hereinafter: Entity undergoing privatization)